Cerved Group SpA (MEX:CERVN) Receivables Turnover: 0.48 (As of Sep. 2021)

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What is Cerved Group SpA Receivables Turnover?

Cerved Group SpA MEX:CERVN 8 Receivables Turnover is 0.48 as of Sep. 2021. GuruFocus rates MEX:CERVN with a GF Score™ of 8/100. The stock has 8 warning signs investors should review.

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Cerved Group SpA's Revenue for the three months ended in Sep. 2021 was MXN2,653.13 Mil. Cerved Group SpA's average Accounts Receivable for the three months ended in Sep. 2021 was MXN5,502.88 Mil. Hence, Cerved Group SpA's Receivables Turnover for the three months ended in Sep. 2021 was 0.48.


Cerved Group SpA  (MEX:CERVN) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Cerved Group SpA Receivables Turnover Related Terms


Cerved Group SpA Receivables Turnover Historical Data

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The historical data trend for Cerved Group SpA's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cerved Group SpA Receivables Turnover Chart

Cerved Group SpA Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.74 2.62 2.50 2.33 2.12

Cerved Group SpA Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.50 0.54 0.49 0.52 0.48

MEX:CERVN vs VALU: Receivables Turnover Comparison

For the Financial Data & Stock Exchanges subindustry, Cerved Group SpA's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cerved Group SpA Receivables Turnover vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cerved Group SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cerved Group SpA's Receivables Turnover falls into.



Cerved Group SpA Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Cerved Group SpA's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Receivables Turnover (A: Dec. 2020 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2020 ) / ((Accounts Receivable (A: Dec. 2019 ) + Accounts Receivable (A: Dec. 2020 )) / count )
=11736.256 / ((4906.785 + 6150.936) / 2 )
=11736.256 / 5528.8605
=2.12

Cerved Group SpA's Receivables Turnover for the quarter that ended in Sep. 2021 is calculated as

Receivables Turnover (Q: Sep. 2021 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2021 ) / ((Accounts Receivable (Q: Jun. 2021 ) + Accounts Receivable (Q: Sep. 2021 )) / count )
=2653.127 / ((5781.494 + 5224.272) / 2 )
=2653.127 / 5502.883
=0.48

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 0.48 mean?
Cerved Group SpA (MEX:CERVN) has a Receivables Turnover of 0.48 as of Sep. 2021. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Cerved Group SpA and its competitors.
Is Cerved Group SpA's Receivables Turnover too high?
Cerved Group SpA's current Receivables Turnover is 0.48. The Capital Markets industry median Receivables Turnover is 6.78. Cerved Group SpA's value of 0.48 is 92.9% below this industry median. Overall, Cerved Group SpA has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Cerved Group SpA's Receivables Turnover compare to VALU?
Cerved Group SpA's Receivables Turnover of 0.48 can be compared against companies in the Capital Markets industry. The industry median Receivables Turnover is 6.78. Cerved Group SpA's value of 0.48 is 92.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Capital Markets company?
The median Receivables Turnover among Capital Markets companies is 6.78, based on 577 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cerved Group SpA's current Receivables Turnover of 0.48 is 92.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Cerved Group SpA and its competitors. For the Capital Markets industry, the median Receivables Turnover is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cerved Group SpA's current Receivables Turnover is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cerved Group SpA stock overvalued right now?
Cerved Group SpA (MEX:CERVN) has a current Receivables Turnover of 0.48. The current Receivables Turnover is 0.48 and 92.9% below the Capital Markets industry median of 6.78. Cerved Group SpA's overall GF Score™ is 8/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Cerved Group SpA (MEX:CERVN), the current Receivables Turnover is 0.48 as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cerved Group SpA Business Description

Address Via Dell’Unione Europea, 6A, 6B, San Donato Milanese, Milan, ITA, 20097
Cerved Group SpA is a holding company that owns the Cerved Group, an Italian credit information service provider. It operates through three segments. The Risk Management segment, which accounts for the majority of the Cerved Group's revenue, offers products and services that help businesses and financial institutions to assess the credit status of their customers, business counterparties, and potential customers. The Growth Services segment offers information and analyses that help customers to understand the target market and regions, develop businesses, and improve customer satisfaction. The credit management segment assesses and manages troubled receivables and assets. It generates the majority of its revenue from the Italian domestic market.